Proprietary Tra...'s  Instablog

Proprietary Trading
Send Message
Prop-Trading.com is the web's largest resource for Proprietary Trading Reviews, Breaking News, Rumors & Opinions! Share your experiences and help us bring transparency to the industry.
My company:
Proprietary Trading
My blog:
Proprietary Trading Firm Reviews, News, Rumors & Opinions
My book:
Free Proprietary Trading Training
  • Proprietary Trading Morning Market Update June 24 2013 0 comments
    Jun 24, 2013 9:32 AM

    Top Economic News:

    US Stocks Futures Drop. U.S. stock futures retreated, indicating the Standard & Poor's 500 Index will extend its biggest monthly drop in more than a year, as Chinese equities entered a bear market amid concern a cash crunch will hurt the world's second-largest economy.

    Bad Decade For Bonds, Growing Return For Equities. U.S. Treasuries are now providing less than half the yield of stocks, giving investors little reason to keep the three-decade bull market in bonds alive as housing starts, consumer confidence and corporate profits point to an improving economy.

    US Bonds, China Deal Blow To Markets. Rising bond yields and growing concerns about the stability of China's financial system rattled global markets Monday.

    Pre-Market Activity:

    $SPY -0.95%

    $VXX +4.64%

    $TLT -0.08%

    $UUP +0.27%

    $USO -0.24%

    $UNG +0.59%

    $GLD -0.30%

    $SLV -0.97%

    Early Movers:

    $STEC +88.02%

    $ISIS +8.73%

    $FIO +2.46%

    $AGN -3.46%

    $DE -2.27%

    $LVS-2.96%

    $ERIC -3.49%

    Upcoming Proprietary Trading Economic Calendar:

    Date

    Time (NYSE:ET)

    Statistic

    For

    Actual

    Briefing Forecast

    Market Expects

    Prior

    Revised From

    Jun 25

    8:30 AM

    Durable Orders

    May

    -

    4.5%

    3.0%

    3.5%

    3.3%

    Jun 25

    8:30 AM

    Durable Goods -ex transportation

    May

    -

    -0.6%

    -0.5%

    1.5%

    1.3%

    Jun 25

    9:00 AM

    Case-Shiller 20-city Index

    Apr

    -

    10.5%

    10.5%

    10.9%

    -

    Jun 25

    9:00 AM

    FHFA Housing Price Index

    Apr

    -

    NA

    NA

    1.3%

    -

    Jun 25

    10:00 AM

    Consumer Confidence

    Jun

    -

    72.0

    75.0

    76.2

    -

    Jun 25

    10:00 AM

    New Home Sales

    May

    -

    470K

    460K

    454K

    -

    Proprietary Trading Earnings Announcements:

     

    Company

    Symbol

    EPS
    Estimate*

    Time

    Add to My
    Calendar

    7days Music Entertainment AG

    7DM1.F

    N/A

    Time Not Supplied

    Add

    Accretive Health Inc

    AH

    0.09

    Time Not Supplied

    Add

    ADM Hamburg AG

    OEL.F

    N/A

    Time Not Supplied

    Add

    American Greetings Corp

    AM

    0.76

    Time Not Supplied

    Add

    Andor Technology PLC

    AND.L

    N/A

    Before Market Open

    Add

    Arena Agroindustrie Alimentari SpA

    ARE.MI

    N/A

    Time Not Supplied

    Add

    Arena Agroindustrie Alimentari SpA

    ARE.MI

    N/A

    Time Not Supplied

    Add

    BCB Holdings Ltd

    BCB.L

    N/A

    Time Not Supplied

    Add

    Beale PLC

    BAE.L

    N/A

    Time Not Supplied

    Add

    Calypte Biomedical Corp

    CBMC

    N/A

    Time Not Supplied

    Add

    Cambridge Heart Inc

    CAMH

    N/A

    Time Not Supplied

    Add

    Centrosolar Group AG

    C3O.DE

    N/A

    Time Not Supplied

    Add

    Centrosolar Group AG

    C3O.DE

    N/A

    Time Not Supplied

    Add

    China Technology Solar Power Holdings Ltd

    8111.HK

    N/A

    Time Not Supplied

    Add

    Chinese Energy Holdings Ltd

    8009.HK

    N/A

    Time Not Supplied

    Add

    Conexion Media Group PLC

    CXM.L

    N/A

    Time Not Supplied

    Add

    Connemara Mining Company PLC

    CON.L

    N/A

    Time Not Supplied

    Add

    De Rouck Geomatics SA

    ALROU.BR

    N/A

    Time Not Supplied

    Add

    Design Bau AG

    D2B.DE

    N/A

    Time Not Supplied

    Add

    Dmail Group SpA

    DMA.MI

    N/A

    Time Not Supplied

    Add

    Ecounion AG

    KN1.DE

    N/A

    Time Not Supplied

    Add

    Enables It Group PLC

    EIT.L

    N/A

    Time Not Supplied

    Add

    Ennis Inc

    EBF

    0.33

    Time Not Supplied

    Add

    Essar Energy Plc

    ESSR.L

    N/A

    Before Market Open

    Add

    Gabetti Property Solutions SpA

    GAB.MI

    N/A

    Time Not Supplied

    Add

    GenCorp Inc

    GY

    -0.01

    Time Not Supplied

    Add

    Gesundheitswelt Chiemgau AG

    JTH.MU

    N/A

    Time Not Supplied

    Add

    Greenbrier Companies Inc

    GBX

    0.55

    Time Not Supplied

    Add

    JPmorgan Russian Securities PLC

    JRS.L

    N/A

    Time Not Supplied

    Add

    Mercury Systems Inc

    MRCY

    -0.08

    Time Not Supplied

    Add

    Metcash Ltd

    MTS.AX

    N/A

    Time Not Supplied

    Add

    MSC Industrial Direct Co Inc

    MSM

    0.98

    Time Not Supplied

    Add

    Park Electrochemical Corp

    PKE

    0.28

    Time Not Supplied

    Add

    Porvair PLC

    PRV.L

    N/A

    Before Market Open

    Add

    Powerland AG

    1PL.DE

    N/A

    Time Not Supplied

    Add

    Sao Martinho SA

    SMTO3.SA

    N/A

    After Market Close

    Add

    SciClone Pharmaceuticals Inc

    SCLN

    0.09

    Time Not Supplied

    Add

    Sonic Corp

    SONC

    0.26

    After Market Close

    Add

    Taihua PLC

    TAIH.L

    N/A

    Time Not Supplied

    Add

    Ten Alps PLC

    TAL.L

    N/A

    Time Not Supplied

    Add

    Thames River Multi Hedge PCC Ltd

    TRMA.L

    N/A

    Time Not Supplied

    Add

    Torex Gold Resources Inc

    TXG.TO

    N/A

    Time Not Supplied

    Add

    Trilogiq SA

    ALTRI.PA

    N/A

    Time Not Supplied

    Add

    Water Intelligence PLC

    WATR.L

    N/A

    Time Not Supplied

    Add

    DHI- 2,000 Aug. $24 calls were purchased for $0.64-$0.66 each, against open interest of 1,310 contracts. RD Horton shares are down over 24% in the past five weeks.

    HOLX- 3,000 Sep. $22 calls were purchased for $0.44-$0.45 each, against open interest of 2,661 contracts. We highlighted large buyers yesterday in the same option.

    HYG- 8,000 Dec. $94 calls were purchased for $0.50 each, against open interest of 121 contracts. Shares of the high yielding corporate bond fund hit a new low for the year today.

    WM- A roll up from 23k July $35 calls into 23k July $38 calls for roughly a $2.77 credit. Volume was well above the open interest in the July $38 calls. He/she is taking profits off of the table, but remains bullish into next month's option expiration. Waste Management shares are finding support around the $39.40 level.

    AAPL- Shares of Apple are setting up for a test of the $400 level and possibly a retest of the 52-week lows. The call to put ratio in the June 28 weekly options is 1.11, led by activity in the $410 puts and the $420 calls.

    For Proprietary Trading Firm reviews, news, rumors & opinions, visit Proprietary Trading

Back To Proprietary Trading's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.